receivable. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $4,500 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,000 debit. Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. $ 2%) = Accounts Percent Receivable Uncollectible (%) Not due: 405,000 x 1% = 1 to 30: 99,000 X 31 to 60: 45,000 x 5% = 61 to 90: 27,000 x 7% = Over 90 39,000 x 10% = Estimated balance of allowance for uncollectibles 4,050 1,980 2,250 1,890 3,900 14,070 $ Red A credit debit 1. Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $5,220 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 4,200 units of a product that carries a 60-day warranty. December sales for this product total $123,000. The company expects 5% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $11. Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions. View transaction list Journal entry worksheet Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $5,220 of accrued vacation benefits for the year. Record the related adjusting entry. Note: Enter debits before credits. Transaction General Journal Debit Credit 1